Atlas Project

Analysis

Atlas Project is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in December 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Atlas Project reported income of $1.2m and spending of $1.2m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.2m (+0.1%), an average of +0.0% a year. The sharpest change came in the year to December 2022, when income rose by 104%. Over the whole period it spent 114% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Atlas Project sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 83rd percentile within NV. Charities of a similar size with the same main cause include Burn Institute ($1.2m), North Dakota Stockmens Foundation ($1.2m) and Stanley & Dorothy Frank Family Foundation ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $85k (7.1% of expenses). Other salaries and wages came to $101k. At year end it held assets of $131k against liabilities of $371k, net assets of -$240k. It reported 4 employees.